GBP/USD continues to demonstrate resilience above the 1.6550 barrier. Yet an absence of bullish reversal signals casts doubt on the potential for a sustained recovery. A corrective bounce is likely to see selling pressure renewed at the 1.6660 ceiling, while clearance of the 1.6550 hurdle would likely open the March lows near 1.6450.

The four hour chart paints a divergent picture to the daily. A Hammer formation offered an early indication of an intraday recovery for the Pound. A close above former support-turned-resistance at 1.6567 puts the spotlight on the 1.6660 barrier.